Excel worksheet containing all data used in this entry: BTC USD Historical Data (1)
Guys, we know Bitcoin is pulling back a lot and it is scary. But let’s wake up to reality of crypto volatility. If you think a 42% sell off from its all-time-high is bad, it might help to get some perspective. In fact, Bitcoin spend most days trading 40% or more below its previous all-time-high since February 2012.
% of Days Trading Below Previous All-Time-High:
- Below 40%: 54.2%
- Below 50%: 38.7%
- Below 60%: 30.8%
- Below 70%: 16.2%
- Below 80%: 2.5%
% of Days Making New All-Time-Highs?
Yes, we feel your pain, the chart below looks scary:
However, if we look at Bitcoin’s price fluctuation from a % change perspective, rather than an absolute dollar perspective, Bitcoin has been fairly tame over the past 1-2 years vs. its longer history:
holders HODLERS have spend the majority of their time well below the the previous all-time-high, waiting for their investments to pay off: